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New CEO for Doosan Vina
Doosan Heavy Industries Vietnam, located at the Dung Quat Economic Zone in central Quang Ngai province, has appointed Mr. Jung Yeon as the new CEO of Doosan Vina.
Mr. Jung joined Doosan in 1987 after graduating from Pusan University in South Korea with a degree in Machine Design. He is a lifelong Doosan employee and has progressed through the company over the last 28 years.
During this time he has acquired a great deal of experience in manufacturing, change management, and procurement, and is fluent in both Korean and English.
He feels his education and 28 years in manufacturing, change management and purchasing have prepared him for this appointment and his experience will serve him well as he takes the lead at Doosan Vina.
"I’m looking forward to continue working with our 2,500 Vietnamese employees to see that our momentum not only continues, but accelerates so that we can play an even larger role in Vietnam’s forward march towards becoming a … [Read more...] about BUSINESS IN BRIEF28/10

SBIC expects to earn $341 million in 2017 The Việt Nam Ship Building Industry Corporation (SBIC) plans to earn nearly VND7.63 trillion (US$341.5 million) in revenue in 2017, 3 per cent to 4 per cent higher than 2016. In a financial report sent to the transport and finance ministries recently, SBIC said the corporation showed only a slight increase in revenue for next year because it was still faced with numerous difficulties and challenges during the restructuring of the organisation, which included financial restructuring. At that time, it was really difficult for the corporation members to access loans from commercial banks to build new ships. In addition, the corporation said it was confronting many domestic competitors such as shipbuilding companies from the Ministry of National Defence, Ministry of Agriculture and Rural Development, corporations and private shipbuilding companies. The domestic shipbuilding market is being narrowed down with high competition among businesses, the … [Read more...] about BUSINESS IN BRIEF 15/8

VietNamNet Bridge – Vietnamese Deputy Prime Minister Hoang Trung Hai spoke to VIR’s Thanh Huong about the main challenges facing the nation’s power sector in the coming years.
Power generation facilities now seem able to keep pace with the local demand. Does this mean that the power sector has gone one step ahead to ensure power sufficient to meet the requirements of the country’s socio-economic development?
The total design capacity of various power generation sources in Vietnam has reached about 34,000 megawatts. However, real capacity in many instances has only touched 23,000MW, which is well-below design capacity. This is due to hydropower plants being affected by weather conditions or some power sources undergoing repair or maintenance. In southern cities and provinces, the power sector still suffers from time to time from insufficient backup sources.
Generally speaking, so far this year the power sector has been running effectively, providing … [Read more...] about Power shortfalls still remain a concern

The GE veteran and one-time cod fisherman has led a remarkable turnaround at the industrial giant.
By Shawn Tully, senior editor-at-large
FORTUNE -- Dave Cote is feeling the beat. He takes a sip of Mountain Dew and bobs his head in time to the throbbing bass of Jay-Z's "Hard Knock Life." The CEO of Honeywell International, one of the world's largest industrial conglomerates, with $37.1 billion in sales, is wearing his usual work attire -- a beat-up leather bomber jacket, baggy jeans, and clunky work boots. Cote's office in the company's frozen-in-the-1960s headquarters in Morris County, N.J., is nothing fancy. Boston Red Sox jerseys adorn the walls, and a 210-gallon fish tank he inherited gurgles in the background. But for inspiration, he turns to his iTunes and hits SHUFFLE. "I've got 10,000 songs on my server," he says. "The music never stops!"
Neither does Cote. While tunes like Billie Holiday's "God Bless the Child" and Neil Diamond's "Forever in Blue Jeans" play in the … [Read more...] about How Dave Cote got Honeywell’s groove back

Established in Vietnam more than 10 years ago, Amata IP has been showing what a good industrial park should be. Understanding that without control and careful treatment, industrial wastewater would cause serious environmental pollution, Amata focused right at the beginning on sustainable development and environmentally friendliness. Reporter Duc Quan talked with Dr Huynh Ngoc Phien, President of Amata Joint Stock Company.
Sustainable development is one of the central challenges facing the world today, could you please share how Amata approaches this problem?
We are aware that sustainable development is the common trend in the world and an urgent requirement of Vietnam. From the very beginning of our development, we have advocated the principle that industrial development and economic growth should be in harmony with the nature. As such, sustainable development is no stranger to us. What we have been doing is in line with that basic principle.
From now on, we will plant many more … [Read more...] about Amata IP: Working towards Sustainable Development